2000 Chevrolet Camaro Car Insurance Cost

Want lower auto insurance rates for your Chevrolet Camaro? Did a good deal turn out to be overpriced auto insurance? Don’t feel bad because many consumers are feeling buyer’s remorse and feel like there’s no way out.

There is such a variety of insurers to choose from, and even though it’s nice to have a choice, it makes it harder to compare company pricing.

It’s a good idea to price shop coverage once or twice a year because rates are rarely the same from one policy term to another. Even if you think you had the best premium rates for Camaro insurance on your last policy you may be paying too much now. Forget all the misinformation about auto insurance because it’s time to teach you the proper way to properly buy coverages and cut your premium.

How to find cheap insurance

There are multiple methods to shop for insurance, but one way is less labor-intensive and much quicker. You could waste time talking to insurance companies in your area, or you could use online quoting to get prices fast.

Many insurance companies are enrolled in a marketplace that enables customers to only type in their quote data once, and each participating company then gives them pricing based on the submitted data. This system prevents you from having to do form submissions to each individual insurance company.

To find out how much you’re overpaying now click here to open in new window.

The only downside to using this type of system is you are unable to specify the insurers to receive prices from. If you wish to select specific insurance companies to compare rates, we put together a list of the cheapest insurance companies in your area. View list of insurance companies.

The approach you take is up to you, just do your best to enter the exact same quote data for each price quote. If you enter different deductibles it’s impossible to determine the lowest rate for your Chevy Camaro. Just slight variations in limits can result in a big premium difference. Keep in mind that comparing more rates from different companies helps improve the odds of finding a lower rate.

Misconceptions in auto insurance advertisements

Auto insurance companies such as State Farm, GEICO and Progressive consistently run ads on TV and radio. They all convey the message that drivers can save some big amount after switching to them. How do they all have lower policy pricing? Here is how they do it.

Insurance companies look for specific characteristics for the right customer that will add to their bottom line. For example, a preferred risk might be described as over the age of 40, has no prior claims, and insures a new vehicle. A propective insured who matches that profile will probably get the lowest premium rates and will probably save if they switch.

Insureds who are not a match for these criteria may be required to pay a higher premium which results in the prospect going elsewhere. The ad wording is “drivers who switch” but not “all drivers who get quotes” save the amount stated. This is how insurance companies can make those statements. This illustrates why drivers should get auto insurance quotes as often as possible. You cannot predict which company will provide the lowest prices.

More affordable rates with these discounts

Some companies do not list all available discounts in an easy-to-find place, so the list below details some of the best known and the harder-to-find car insurance savings.

  • Federal Government Employee – Active or retired federal employment could provide a small rate reduction for Camaro insurance but check with your company.
  • Paperless Signup – Some of the larger companies will provide an incentive just for signing your application online.
  • Discounts for Responsible Drivers – Insureds who avoid accidents may receive a discount up to 45% for Camaro insurance compared to rates paid by drivers with frequent claims.
  • Payment Method – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid the installment charge.
  • Seat Belt Usage – Drivers who require all vehicle occupants to buckle up before driving can save a little off the personal injury premium cost.
  • Save with More Vehicles Insured – Having more than one vehicle on the same car insurance policy qualifies for this discount.
  • Senior Citizens – If you’re over the age of 55, you may be able to get reduced rates for Camaro insurance.
  • Discount for Passive Restraints – Factory air bags or motorized seat belts could see savings as much as 30%.
  • New Vehicle Savings – Insuring a new car can get you a discount since new model year vehicles are generally safer.
  • Homeowners Pay Less – Simply owning a home may earn you a small savings because of the fact that having a home shows financial diligence.

You should keep in mind that most of the big mark downs will not be given the the whole policy. Some only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears you would end up receiving a 100% discount, nobody gets a free ride. But any discount will bring down the premium cost.

Companies and some of the premium reductions they offer are included below.

  • Farmers Insurance includes discounts for teen driver, switch companies, good student, pay in full, homeowner, alternative fuel, and early shopping.
  • State Farm offers discounts for driver’s education, accident-free, defensive driving training, good student, student away at school, passive restraint, and Steer Clear safe driver discount.
  • Liberty Mutual may include discounts for newly married, safety features, hybrid vehicle, teen driver discount, new graduate, multi-car, and multi-policy.
  • MetLife policyholders can earn discounts including defensive driver, multi-policy, accident-free, good student, good driver, and claim-free.
  • Progressive has savings for homeowner, online quote discount, online signing, good student, multi-policy, and multi-vehicle.

When getting free auto insurance quotes, it’s a good idea to each insurance company to apply every possible discount. Some of the discounts discussed earlier might not be available to policyholders in your area. For a list of insurance companies that offer the discounts shown above, click here to view.

Insurance can be complex

When choosing the right insurance coverage, there really is not a “perfect” insurance plan. Every situation is different so your insurance needs to address that. Here are some questions about coverages that might help in determining whether or not you would benefit from an agent’s advice.

  • Does car insurance cover theft of personal property?
  • Exactly who is provided coverage by my policy?
  • Why am I required to buy high-risk coverage?
  • Should I sign the liability waiver when renting a car?
  • Am I covered when driving on a suspended license?
  • How does medical payments coverage work?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I covered if hit by an uninsured driver?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Are my friends covered when driving my 2000 Chevy Camaro?

If you don’t know the answers to these questions then you might want to talk to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance companies in your area.

Car insurance policy coverages for a Chevy Camaro

Having a good grasp of your policy aids in choosing which coverages you need for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement. Listed below are typical coverage types found on the average car insurance policy.

Uninsured or underinsured coverage

This coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Chevy Camaro.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Liability coverages

Liability insurance provides protection from injuries or damage you cause to other people or property. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability can pay for things like legal defense fees, medical expenses, structural damage, funeral expenses and court costs. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Medical expense coverage

Med pay and PIP coverage pay for expenses such as ambulance fees, hospital visits, pain medications and prosthetic devices. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Collision protection

This coverage will pay to fix damage to your Camaro resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as colliding with a tree, sideswiping another vehicle, rolling your car and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Comprehensive protection

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as hitting a bird, rock chips in glass and falling objects. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Best coverage at the best price

Cheaper insurance coverage is attainable from both online companies as well as from insurance agents, and you need to price shop both to get a complete price analysis. Some insurance coverage companies may not have online quoting and many times these small, regional companies only sell through independent insurance agencies.

When searching for cheaper auto insurance quotes, make sure you don’t skimp on coverage in order to save money. Too many times, an insured dropped liability limits or collision coverage and discovered at claim time they didn’t purchase enough coverage. The proper strategy is to purchase plenty of coverage at the best cost, but don’t skip important coverages to save money.

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